Bonds don’t always behave as their risk profile should dictate – Marty Fridson column

Right call, wrong outcome

Marty Fridson

Uncertainty is a constant in corporate bond management.  With nasty surprises frequently emerging from central bank policy statements, corporate earnings reports, and Mother Nature’s furies, it is comforting to know there are a few things you can depend on. For instance, if credit risk declines, higher-risk bonds will outperform lower-risk bonds. To capitalise on that law of nature, you need to rank bonds by risk, which leads to a second sure thing: the market is a keener judge of risk than Mood

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: